Gold
Gold has remained above $US1300/Oz for about 1 week now and it's obvious that Bloomberg doesn't like it one little bit.
Damage of Declining Gold Prices Felt Globally
Gold Price Decline Felt Around the World - Bloomberg
"Ravaged hopes and livelihoods around the world"...oh...the despair...poor misguided fools who invested in gold...and what is worse, there will be no bailout!
I didn't see the word "Taper" anywhere in the article...Bloomberg has used the word in every 2nd article since the FED mentioned it...you know, in case the public forgets...THE FED MIGHT TAPER O.K? Now minions, be obedient, sell your gold and behave! Bloomberg wants you to buy stocks and prop-uh-ee...not gold!
14:51 GGCZ3 @ 1324.20
26,359
Gold has remained above $US1300/Oz for about 1 week now and it's obvious that Bloomberg doesn't like it one little bit.
Damage of Declining Gold Prices Felt Globally
Gold Price Decline Felt Around the World - Bloomberg
Gold’s swift fall has ravaged hopes and livelihoods around the world – from the 1 million miners in Ghana who scour in the dirt, to thousands of executives and geologists at mining exploration firms that are running out of cash in Vancouver. Gone too are jobs for auditors, bankers and analysts in the finance capitals of Toronto and London. Investors who bet big and lost are shifting assets elsewhere and scaling back retirement plans.
"Ravaged hopes and livelihoods around the world"...oh...the despair...poor misguided fools who invested in gold...and what is worse, there will be no bailout!
I didn't see the word "Taper" anywhere in the article...Bloomberg has used the word in every 2nd article since the FED mentioned it...you know, in case the public forgets...THE FED MIGHT TAPER O.K? Now minions, be obedient, sell your gold and behave! Bloomberg wants you to buy stocks and prop-uh-ee...not gold!
14:51 GGCZ3 @ 1324.20
26,359
Likes:
Liquid validity